- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

DORA new security incident management rules for financial services

The European Supervisory Authorities (ESAs) will have a significant role to play incident management.

Mourant named overall leading funds adviser in Jersey for another year

Mourant has secured the overall top spot in the rankings for serviced and distributed funds, advising 939 investment funds.

European Central Bank to raise deposit rate to 3.25% by mid-year - Reuters poll

Prices rose 9.2% in December from a year earlier, official data showed last week.

Esma consults on post-trade transparency

ESMA sent a positive opinion on the latter regulatory technical standards at the end of 2022.

Advice firm surrenders licence just two years after launch

The business was set up by Rob O’Connor and Chris Connor.

Addleshaw Goddard: Financial Services & Banking News

The publication will be of particular interest to banks, private equity firms, asset managers, owners and mortgage real estate investment trusts

France’s pension reforms strike at a taboo

The proposal would increase the age that a worker is eligible for a full state pension by three months each year, starting in September 2023, through 2030.

UK building safety ‘detail and guidance’ anticipated in 2023

The government has launched a consultation to support the continuous improvement of ‘Approved Document B’ (ADB), which contains fire safety guidance.

Zurich convertible bond boutique receives Finma licence

Arve Asset Management has also taken over the fund manager role at Mobilitas Global Convertible Fund and renamed the fund.

FSCS pays £66mn on GPC claims as administration extended again

Under the Insolvency Act 1986 the period of an administration automatically comes to an end after 12 months unless extended.

Aegon Extraordinary General Meeting approves combination of Aegon’s Dutch businesses with a.s.r.

The reduction in IFRS shareholders’ equity will not impact Aegon’s solvency ratios or capacity to pay targeted dividends.

UK legislates for minimum service levels during strike action

The government has said it is introducing the legislation “to ensure that striking workers don’t put the public’s lives at risk and prevent people getting to work, accessing healthcare, and safely going about their daily lives”.

Finma License Gives Arve Asset Management a Boost

Managing director Michel Fest said the company can now celebrate the two important milestones with the Finma authorization and the acquisition of the fund.

EU bid to ban financial product commissions faces resistance

Some worry the move will restrict access to financial advice across the bloc

Michael Nascimento sentenced for failing to pay confiscation order

Members of the public were cold-called and subjected to high-pressure sales tactics to persuade them to buy shares in a company that owned land on the island of Madeira.

German Authority and EU Bodies Target "Dark Patterns" in Trading Apps and Online Interfaces

In addition, other existing and upcoming EU legislation restricts the use of dark patterns and applies to businesses beyond investment firms.

Perspective buys financial planning firm in deal worth £37mn

The last was Staffordshire-based IFA Hunter & Co which added £115mn in assets.

Consumer duty: FCA provides clarity on products and services outcome

The consumer duty will apply across all financial sectors where there is a retail customer while the rules covering products and services will apply equally to both.

FCA publishes further information about restrictions placed on Micro-E C.I.C

Micro-E’s director appears to have used the director’s loan account for personal reasons.

London-listed law firm Knights bolsters business with Meade King acquisition

The acquisition is set to expand Knight’s reach into the wider UK by giving it a footprint in Bristol and the south-west of England.

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